MS EXECUTIVE SPECIALISED MASTER ENERGY MANAGEMENT INTERNATIONAL PART TIME PROGRAMME 2 0 0 6 Paris & Oslo Learn everywhere. Manage anywhere.
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ENERGY SPECIFIC INDUSTRIES FACING A GLOBAL CHALLENGE In the past, for various reasons, the structure of the energy industry appeared to be more stable than that of most other industries. Currently however, important changes are underway. The surge in energy demand in most countries is certainly the main driving factor, requiring additional investments and new technological solutions in line with environmental constraints, and forcing companies and institutions to adapt their organisation and revise their strategy. In particular, this may be the sign of growing integration of the power, gas and oil industries. Companies that do not anticipate these trends expose themselves to heavy risk. These factors underline the need to develop a comprehensive view of energy issues with more attention to strategy than has traditionally been the case. The energy industry, in many ways, also closely interacts with politics at both national and international levels. In recent years, environmental issues in particular have become increasingly important, whether in the production, the transportation or the use of energy. Nadine BRET-ROUZAUT At the IFP School, Nadine BRET- ROUZAUT is the Director of the Petroleum Economics and Management Program, an International Collaborative Program with the Colorado School of Mines, the University of Oklahoma, Texas A&M University, and Gubkin University of Moscow. Øystein NORENG Øystein NORENG is professor of petroleum economics and management at BI Norwegian School of Management. He has a wide experience as a researcher and advisor to international organizations, governments and oil and gas companies. Dr. Noreng is the author of many articles and books, among others Crude Power, London 2002, I.B. Tauris. Surprisingly, professional education in the fields of energy economics, energy management and energy policy has been limited. Competent managerial professionals are scarce. The scarcity is particularly severe in some developing regions, such as Asia, Latin America, Eastern Europe, Russia and the former Soviet republics. Here residential and service sector energy demand is growing quickly. There is an urgent need for more efficient management at both the corporate and government levels of energy issues, and it is our role to offer appropriate programmes to meet this need. Patrick GOUGEON Patrick GOUGEON is a member of the Finance department at ESCP-EAP European School of Management and former Director of MBA programmes. He also served as Director of the School of Management at the Asian Institute of Technology in Bangkok, Thailand (1990-1993) where programmes and research focused on international technology transfers, project finance and joint ventures. 3
PROGRAMME PHILOSOPHY AND STRUCTURE HIGHLY PROFESSIONAL PROGRAMME PHILOSOPHY PROGRAMME CONTENT A programme developed in close cooperation with leading companies and institutions in the field, A focus on corporate issues and professional skills, A truly international, cross cultural, context, A pedagogy based on interactive action learning, with a particular focus on personal development and leadership, An opportunity for participants to develop research and consultancy skills. THE EXECUTIVE MASTER IN ENERGY MANAGEMENT PROGRAMME CONSISTS OF : A general management module Organised on a distance learning basis at the beginning of the programme, it aims to provide the participants with the management expertise needed for the energy business. Energy-specific core programme Four two-week modules for a total of 320 teaching hours, comprising 8 / 30-hour specialised courses of each, conferences and action learning. Research and Consulting work September PROGRAMME ORGANISATION General Management Programme (Managerial Economics / Finance & Accounting / Marketing / Corporate Strategy) September 18 September / 30 September 20 November / 2 December 26 February / 10 March 4 June / 16 June M O D U L E M O D U L E M O D U L E M O D U L E - I - - II - - III - - IV - BI IFP BI ESCP-EAP Research and consulting Project definition Project defence 4
PARTICIPANTS The Executive Master in Energy Management is suitable not only for those familiar with the energy industry but also for participants with no experience in the field who wish to work in the sector. The programme is professionally oriented and designed to give participants a comprehensive understanding of key energy issues along with advanced analytical and managerial skills. Its aim is to fill a void by educating managers specifically trained for the energy sector by providing them with updated qualifications and insight into this rapidly changing industry. CAREER OPPORTUNITIES The Executive Master in Energy Management provides candidates with excellent career opportunities, allowing them to access leading positions in energy companies and institutions, public or private. The close contacts between the three schools and the energy industry are a unique asset in this respect. CORPORATE SUPPORT Close ties to the energy industry and regulatory authorities enable the three schools to capitalise on advanced position in the energy field. This provides its graduates with an education at the top of the skill's ladder. CONSULTANCY PROJECT The consultancy project requires work in close co-operation with a project advisor. It provides an opportunity to explore in depth a specific energy topic. The project work also provides opportunities to do research in conjunction with the energy industry and thus to prepare for a professional career. The thesis is a group project. Groups of 2 to 4 students will work together on a chosen subject under the supervision of an advisor. The written report will be a collective work, giving 10 credits ECTS, with an individual defence, giving 20 credits. The thesis defence will conclude the research work. CASE STUDIES All programme long, students will have to work on different case studies about energy-oriented enterprises. Most of the case studies illustrate successful applications of management issues, with interaction with political and economical levels. ADMISSION REQUIREMENTS The programme is designed for participants who come from around the world, who have full command of the english language (GMAT or TOEFL may be required), hold a university-level degree (bachelor s or equivalent) and who have signifiant work experience. 5
PROGRAMME GENERAL MANAGEMENT PROGRAMME (DISTANCE LEARNING) > MANAGERIAL ECONOMICS > FINANCE & ACCOUNTING > MARKETING > CORPORATE STRATEGY 1 2 Specialised energy modules Energy economics Energy economics, technologies and costs Energy demand, use and environmental costs The concept of economic rent in energy markets Energy value chains Energy and the environment in economic history The Oil Business Transportation Upstream exploration, development and production Downstream, refining and distribution The Gas Business Energy Trading and Markets Physical energy markets Futures markets and basics of options Hedging: applied concepts - strategies built on futures and options OTC and exchange traded derivatives Computer simulations The natural gas chain Natural gas trading and pricing The Electricity Business The gas and power interface Electricity markets and trading Conventional and new power supplies, including coal and nuclear 6
3 Energy Policy Principles and methods of energy regulation Principles and methods of energy taxation Energy policy in major countries Energy planning Energy privatisation 4 Environment and Risks The concept of sustainable development Resources and effects The costs of pollution The CO2 issue, Kyoto and the market Renewable & clean energies Sustainable energy and environmental strategy Energy Corporate Strategies Energy Project Management Portfolio management, mergers and acquisitions Energy industry risk and capital requirements Alliances and joint ventures Energy project analysis Vertical and horizontal integration Energy company and project financing The internationalisation of the energy business Managing complex energy projects Financial markets and energy industry restructuring Public and private sector risk hedging EXECUTIVE SPECIALISED MASTER ENERGY MANAGEMENT 7
THREE PARTNERS: IFP SCHOOL, BI & ESCP-EAP IFP School IFP is a scientific research and industrial development, education, training, and information services center active in the fields of oil & natural gas, their use, in particular by vehicles, and new energy and environmental technologies (production of fuels from biomass, biofuels, hydrogen, the capture and storage of CO2,etc.). In an international energy context marked by a number of major challenges, IFP innovates, developing and transferring the technologies needed to produce, transform, and use energy to meet the growing needs of the transport and petrochemicals sectors in a way that can be sustained for the rest of the 21st centuryand storage. IFP s research and development work, which is structured in line with these five strategic priorities, regularly leads to new technological solutions being found, serving to reinforce the economic competitiveness of our industries, thereby generating growth and jobs. A portfolio that now includes more than 12,000 patents is testimony to IFP s capacity to innovate. Taking advantage of the synergies between research and training, IFP plays a major role in the transfer of knowledge through theifp School. Open to university graduates from all over the world, the School offers a very broad range of training in the professions of the petroleum, gas, and engines sectors, extended, in the field of continuing education, by IFP Training, a subsidiary of IFP. BI Norwegian School of Management BI Norwegian School of Management is one of Norway's largest educational institutions. The School s research meets international standards of excellence and hosts Norway s largest academic mileu within the areas of business economics and administration, marketing and management. BI Norwegian School of Management is a member of the European Foundation for Management Development (EFMD) and received the European Quality Label Equis in 1999. BI Norwegian School of Management employs over 800 people and has about 350 faculty members. Over 80 of Norway's major enterprises within industry, trade and services are linked with BI Norwegian School of Management through various co-operation agreements. Today the total number of full-time and part-time students exceeds 20 000. Mostly Norwegians and other Scandinavians, but with a growing number of international students from all corners of the world. 8
ESCP-EAP European School of Management ESCP-EAP European School of Management is located in Paris, London, Madrid, Berlin and Turin and provides a multi-entry gateway to management education in Europe. The School s mission is to develop business leaders with multicultural skills and business knowledge for Europe and the world economy. It is served by 125 faculty members who are active in research and who teach in the School's programs. There are nearly 3,000 graduate students from over 80 countries across the four campuses. ESCP-EAP is EQUIS, AMBA and AACSB accredited. BI Norwegian School of Management > www.bi.edu IFP School > www.ifp-school.com ESCP-EAP European School of Management > www.escp-eap.net 9
COST OF PROGRAMME EXECUTIVE MASTER IN ENERGY MANAGEMENT www.bi.no/master/energy Programme participation is 18 000, which includes: Registration fees Tuition Group work supervision Consultancy project supervision Teaching material Meals during sessions Travel, hotels and excursion are not included For further information and registration, please contact : BI Norwegian School of Management Eva Skille phone: +47 46 41 00 79 e-mail: eva.skille@bi.no energy@bi.no 10 *"Mastère Spécialisé" is a diploma originated by French Conférence des Grandes Ecoles
> ESCP-EAP CORPORATE DIVISION 79, avenue de la République 75543 Paris Cedex 11 France Phone: + 33 1 49 23 20 00 Fax: + 33 1 47 00 54 42 Email: ems@escp-eap.net > BI NORWEGIAN SCHOOL OF MANAGEMENT Executive School Master in Energy Manangement 0442 Oslo Phone: +47 46 41 00 05 Fax: +47 46 41 00 89 Email: energy@bi.no > IFP SCHOOL 232, avenue Napoléon Bonaparte 92852 Rueil-Malmaison Cedex France Phone: +33 1 47 52 72 27 Fax: +33 1 47 52 70 66 Email: marie.henry@ifp.fr WWW.BI.NO/MASTER/ENERGY PAO/Bluets déc. 2005 0084/330-6 Learn everywhere. Manage anywhere.